if you looking for a quick and easy way to get cash so connect with us till end. Finds quick and easy way to get cash then you can prefer iifl gold loan. For getting quickly cash A gold loan may be the perfect solution for you.
Gold loans are a convenient and affordable way to borrow money, and also they are very popular in our country. With an IIFL gold loan, you can get a loan up to 75% of the value of your gold, and the interest rates are also suitable for you.
In this post, we will discuss about you need to know about IIFL gold loans, including the benefits, charges, and interest rates. We will also provide you the best tips on how you get the best deal on an IIFL gold loan. IIFL Finance offers three types of loans in which
Home Loan, and business loan and Gold loan are offered.
Know here what is a gold loan
First of all we discuss about what is a gold loan. A gold loan is a type of secured loan where the borrower pledges their gold jewelry or ornaments as collateral and get loan. The lender then advances the borrower a fixed percentage of the value of the gold, typically up to 75%.The loan amount, interest rate, and repayment terms will vary according to the Lender. They are depending on the lender and the borrower’s creditworthiness.
Gold loans are very popular option for borrowers who want quick cash, as they are relatively easy to get and do not need a good credit score. They can be used for many purposes, like medical emergencies, education, business expenses, or personal wants. Now we discuss about IIFL Gold Loan. It is a secured loan offered by IIFL Finance against the pledge of gold ornaments. You can get a loan up to 75% of the value of your gold, and the interest rates are competitive.
What are the features if IIFL Gold Loan
The IIFL Finance gold loan gives a simple way to access funds, and it comes with several benefits. When you apply for an online gold loan with IIFL Gold Loan, you can expect many benefits like Security and Insurance,Fast Approval,Minimal Documentation,Speedy Disbursement etc.
What are the loan interest rate
IIFL Gold Loan interest rate starts from 9.24% p.a. and so on. The final interest rate will be fixed by the lender depending on the loan amount, repayment tenure, and the quality of gold pledged. IIFL Finance offers a variety of gold loan schemes with various interest rates and features. Let the IIFL Gold Loan Overdraft scheme offers an interest rate of 11.88% p.a. onwards, on the other hand IIFL Gold Loan for Business scheme offers an interest rate of 12.99% p.a. onwards.
Essential Eligibility for IIFL Gold Loan
- For this loan Your age should be between 18 years to 70 years.
- For this loan Whether you’re a salaried individual, a business owner, a trader, a farmer, or a self-employed professional, you’re eligible.
- For this loan The gold you are using as collateral should be between 18 to 22 carats in purity.
- The maximum loan you can get is up to 75% of the value of your gold. For example , if your gold is worth ₹100, you can get a loan of up to ₹75.
Required Documents For IIFL Good Loan
- Aadhaar Card
- Passport
- PAN Card
- Driver’s License
- Voter ID Card
- Rent Agreement
- Electricity Bill
- Bank Statement
How you can Apply For This Loan
- For application of this loan first of all you Find the closest IIFL Gold Loan branch to your location.
- Remember that Bring along your identification proof, address proof, and of course, your gold. These documents are required for a smooth approval process.
- Than experts will assess the value of your gold in-house, and once approved, you can expect.
- After this the loan amount to be deposited directly into your account or receive it in cash.
How to Pay IIFL Gold Loan Online
For doing online payment for your IIFL Gold Loan through IIFL Quick Pay, you have to follow the process given below:
- First of all you have to Visit the IIFL Finance Quick Pay Website.
- After this you have to click on the Quick Pay link, and you’ll be directed to a page.
- At this page you can enter your loan details.
- These details includes your loan account number and other required information.
- You have to fill the details carefully.
- After this you have to Double-check the information you’ve entered to ensure it’s right.
- This is crucial to prevent any payment problems.
- After this you have to Choose your preferred payment method.
- You have options like debit card, credit card, net banking, UPI, etc.
- It all depend on what’s available on the IIFL Finance website.
- After this the payment is completed by Following the on-screen instructions to complete the payment process.
- You may need to authenticate the transaction using an OTP (One-Time Password) which sent to your registered mobile number.
- After successful payment, you should receive a confirmation message or email.
- Please keep a record of this confirmation as per needs.
If you face any issues or have questions about the online payment process, it’s a good idea to reach out to IIFL Finance’s customer support for assistance.